Dial Direct On Insurance Payments

At some point most South Africans will experience some form of financial difficulty, where money becomes tight and hard choices need to be made regarding what bills get paid and which don't.

Unfortunately in most circumstances car or home insurance premiums are the first to go. Perhaps this understandable when people feel they are up against a financial wall (insurance is after all a grudge purchase, right?).

However, imagine how the same people would feel if they experienced some sort of damage, theft or loss of any kind on any scale, only to discover that due to missing their monthly insurance payments, their insurance has lapsed and they are not covered.

Add to that the fact that in South Africa we are all, unfortunately, at a higher than average risk of being burgled, high-jacked, robbed or involved in a car accident. Just being without comprehensive insurance for one day could sink a whole family financially for years to come.

Dial Direct Insurance general manager, Fabian Angiers had this to say, 'It is unfortunate but it does happen that people let their insurance policies lapse or don't pay them thinking that it is a short-term financial solution.

'However, being a victim of theft or an accident and uninsured at the same, can be crippling financially and put a large strain on both the family and its finances, and therefore quality of life,' he said.

Angiers went on to say that too many people perceive insurance as a 'nice to have' as opposed to an 'absolute necessity'. There are many people who do not realize that their monthly insurance premiums can be directly linked to their homes or bonds.

For instance, if your house or car is financed through a bank or financial institution, you are legally required to have insurance policies in place to protect your property or vehicle, i.e. 'the bank's investment'.

So by being late on an insurance premium can cause a 'knock on' effect. Over and above the inconvenience and risk associated with a 'bounced' payment bouncing, your bank or financial institution will charge you additional administration fees for returning the debit order and then re-debiting it again later.

However, one of the great things about Dial Direct Insurance is that it offers you a premium waiver cover for six months in the event of retrenchment or for dread diseases.

What this means is that should you not be able to pay your Dial Direct insurance premiums as a result of having a dread disease or of having recently being retrenched, your Dial Direct premiums will be automatically be covered for up to six months.